The ECB’s monetary policy strategy review

otmar-issing-3-16
Photo: Mario Schmitt

On July 8, 2021, the European Central Bank approved and published its new monetary policy strategy. The ‘old’ strategy – announced in October 1998, ie 10 weeks before the start of the euro – was last reviewed in 2003 and adjusted slightly. That it took so long for a comprehensive review can be seen as an indication that the framework decided more than 20 years ago has worked well.

The main changes are the following. Price stability is best maintained by aiming for 2% inflation over the medium

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: